一、主题：Is Disagreement Beneficial? Evidence from ESG Ratings

二、汇报人：朱晓野 2020级金融学博士研究生

三、时间地点：2024年6月27日晚上20:00，沙河校区主教104  

四、报告简介：必赢官网博士研究生朱晓野与中央财经大学博士生导师尹力博教授合作的论文《Is Disagreement Beneficial? Evidence from ESG Ratings》经过评审应邀参加“第八届中国金融科技学年会（2024）”。朱晓野同学将在校内就该参会论文做学术报告。

五、报告摘要：ESG rating disagreement refers to discrepancies in ESG performance ratings assigned to a firm by different rating agencies. This study investigates how ESG rating disagreement impacts firm pricing efficiency. The findings demonstrate that ESG rating disagreement contributes to promoting firm pricing efficiency. This effect is especially noticeable during bearish market conditions and among firms exhibiting specific characteristics, including large market capitalization, value orientation, lower return-on-assets (ROA), higher institutional ownership, and superior ESG ratings. The facilitative effect of ESG rating disagreement stems from the diversified information provided by ESG rating agencies, which is more effectively incorporated into stock prices due to the enhanced learning effect of investors. This study is significant for achieving a more comprehensive and objective understanding of ESG rating disagreement in financial markets.

六、参加会议简介：由中国金融科技学年会理事会、深圳大学、中央财经大学、高等教育出版社主办，深圳大学经济学院承办的“第八届中国金融科技学年会（2024）”于2024年6月21日-22日在广东省深圳市举行。会议就金融科技领域最新动态、重点问题、学术成果等展开深入研讨，为实现金融强国目标，推动我国金融业的高质量发展提供有力支撑。

撰稿：朱晓野

初审：赵学辉

终审：魏旭